Innovation
Innovation refers to the process of creating and implementing new ideas, products, services, or processes that bring about significant improvements or advancements. It involves transforming inventive concepts into practical solutions that meet the needs or challenges faced by individuals, businesses, or society at large. Innovation can be incremental, involving small enhancements to existing offerings, or radical, leading to groundbreaking changes that disrupt markets and industries. It often requires a combination of creativity, research, technological advancements, and collaboration among various stakeholders. Ultimately, innovation aims to add value and foster progress, contributing to economic growth and improved quality of life.